Griffin-American Healthcare REIT purchased two relatively new, well occupied and well run senior living communities in Nebraska owned by Dial Retirement Communities for $66 million, or $300,000 per unit, with a 6.2% cap rate. The community in Omaha was built in the early 2000s and features 75 independent living units, 24 assisted living units and 15 memory care units with an occupancy of 98%. The community in Bennington, built in 2009 and 2013, features 39 IL units, 51 AL units and 16 MC units with an occupancy of 91%. Dial Retirement will operate the communities for Griffin-American under a long-term management agreement. Mark Myers and Joshua Jandris of Marcus & Millichap represented the seller in the transaction.
